Qualcomm is establishing its second-largest campus in Hyderabad, with plans to hire 8,700 workers.
Massive investments were promised by three big businesses, including Qualcomm, during the visit of Telangana's IT minister, KT Rama Rao, to the United States, which is nearly a windfall for the state. Qualcomm announced that it will build its second-largest facility in Hyderabad, with a five-year investment of Rs 3,904.55 crore. The complex is now under construction, and the facility will be operational by October of this year. The software and semiconductor company informed Rama Rao, who is visiting the United States, that this plant will employ approximately 8700 employees. The software giant will join a group of corporations that have their largest campuses outside of the United States in Hyderabad.
Two other US-based companies, golf equipment maker Callaway Golf and electric vehicle maker Fisker Inc, have also announced plans to open technology centres in Hyderabad, bringing 600 people to the city. Callaway is a welcome addition to Hyderabad's growing number of IT and IT development centres. This investment creates a new market, and many more potential clients in the sports and related industries will look to Hyderabad to establish their technological centres.
After meeting with Qualcomm's Chief Financial Officer Akash Palkiwala, Vice Presidents James Jean, Lakshmi Rayapudi, Parag Agase, and Director Dev Singh, Rama Rao delivered the news.
The company briefed the Minister on the progress being made on the Hyderabad campus, which would be the company's second-largest, with 15.72 lakh square feet of space. It is expected to be finished by October of this year. Telangana State's talented workforce and business-friendly legislation are the primary factors for the company's decision to expand in Hyderabad. In the next five years, the corporation intends to make considerable investments.
Qualcomm is pursuing prospects in agriculture, education, linked devices, and smart cities, in addition to software. The firm specialises in the development of wireless semiconductors, software, and services. It possesses patents that are crucial to the development of 5G, 4G, CDMA, and other mobile communication protocols. Rama Rao expressed his delight at Qualcomm's decision to invest heavily in Hyderabad, noting that the city already has a number of well-known technology companies.
Rama Rao had previously met with Brain Lynch, Callaway Golf's Executive Vice President and Chief Financial Officer, and Sai Koorapati, Callaway Golf's Chief Information Officer.
Callaway Golf has announced that it will open a DigiTech Center in Hyderabad, employing around 300 software specialists. It will be in charge of data analytics as well as IT assistance for its global operations. Callaway Golf is a premium golf equipment and active lifestyle firm with a global brand portfolio that includes Callaway Golf, Odyssey, OGIO, TravisMathew, and Jack Wolfskin, among others. The corporation generates $3.2 billion in annual revenue.
Rama Rao also addressed potential collaborative opportunities in Telangana, such as sports tourism and manufacturing. After evaluating numerous places throughout the world, Callaway has decided on Hyderabad.
Fisker Inc, an American electric vehicle manufacturer, also chose Hyderabad as the location for their IT Development Center. It will have 300 IT workers at first. In the United States, the Telangana delegation met with Henrik Fisker, Chairman and Chief Executive Officer of Fisker Inc, and Geeta Fisker, Chief Financial Officer of Fisker Inc, as well as the management team. Following a meeting with Rama Rao in the United States, the corporation publicly declared its ambitions with Telangana State.
Telangana will be the destination for the electric car ecosystem, according to Rama Rao, and the state is making several efforts in this area. He also provided a summary of the state's electric vehicle policy, stating that businesses like ZF and Hyundai are already functioning in Hyderabad. Electric vehicle manufacturers will be supported by the state. In the automobile business, he believes Hyderabad has a lot of potential for design, research, and development initiatives.
Fisker will send a team to Hyderabad soon to learn more about the local EV ecosystem and explore potential collaboration opportunities. Telangana is forming a Mobility Cluster, and the corporation has expressed interest in being a part of it.